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Sun, 08/26/2001 - 8:00pm
Anne Kerven

Bidding war topic Hughes Electronics Corp. cut 10 percent of its formerly 7,900-strong U.S. workforce and as a result, says it will take a one-time charge in its third quarter. Company CEO Jack A. Shaw cited the strain of the economic downturn and sluggish economy. …

The statisticians are sluffing off — a mere one study says 68 percent of consumers surveyed recognized digital video recorders and 42 percent know what a personal video recorder is. Digital Video Recorder Interest and Awareness from the Consumer Electronics Association says most saw DVR info on TV, while 30 percent found out from other sources. The industry is unfazed by low interest, though; the awareness of DVR and its features will prompt new markets as more viewers switch from analog to digital. …

Lucent Technologies started unloading equipment today via an auction running through Aug. 29. Conducted by Asset Recovery Corp. for Lucent, the auction includes GSM and wireless local loop components, electronic switching equipment, installation and transmission equipment, and cable and cable accessories. The auction also will run on www.arecoverycorp.com Sept. 11 through Sept. 12, and again Sept. 24 through Sept. 26. …

AOL Time Warner Inc.'s Turner Broadcasting chose MCSi Inc. as systems integrator for its new network operations plant in Atlanta. The project starts this month and is slated to end in the third quarter of 2003. The 193,000-square-foot facility will house all on-air operations for Turner's North and South American networks. No word on the dollars involved. …

Velio Communications and 10 Gbps-optical-transceiver-maker Alvesta say they've completed interoperability testing between Alvesta's parallel optical transceivers and Velio's grooming switch devices. The result allow large multistage optical systems to be built without needing any external retiming or buffering devices in a system design, the two say. …

Com21 reiterated its guidance that its third-quarter revenue will be flat or down, thanks to the North American DOCSIS market's limited "visibility," and the traditionally slow third-quarter European market. The company also says it should be cash neutral for the quarter and margins will be consistent with the previous quarter. It also noted AtHome's difficulties won't affect it, since it sells directly to cable operators and not to ISPs. …

Watch for it — 360 Networks again says it will file its second quarter financials by Sept. 15. The redundant missive follows another issued two weeks ago and stems from Ontario Securities Commission rules requiring late filers to announce every two weeks until the results are filed. In June, the company filed for bankruptcy protection in Canada and the United States.

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